today. give final trades. josh first with the honors. >> yeah. i would say i like tech here, i would buy through ryt, equal weight tech. >> steve weiss. >> the ten-year gets 2.5 but i would buy the tbf which is short. >> joe. >> i like verizon cloud. >> tl energy. >> we'll see you tomorrow. power starts now. >> thank you very much. what is behind those three doors? we will explain. it has to do with your money. all will be revealed. everything will be revealed in two minutes time. on the big show, old boys and the new economy. twitter passes on the women when it comes to the board and top leadership spots. why can't women catch a break in silicon valley? obama care meanwhile catches a bug. the websites, they're not working like they should. i tried last week, i couldn't get in. we've got a website developer here to show us what's wrong. he's already on the case. see what he says and then the white house will respond.

we've got someone from the administration to explain what in the world is going on. and another union may soon invade the south. the last one burned atlanta. the union army. will this one burn all those manufacturing plants and jobs to the ground? we're talking unionizing. sue is at the nyse. >> hi. it's a down side day. right now where we were momentarily again, the dow jones industrial average off about 100 points on the trading session, s&p down 9, nasdaq down 29. that's the biggest percentage move to the downside. the russell 2,000, the broadest index is down almost a full percenten. as for interest rates, the yield on the 10 year is 3.623%. the oil and gold market going in opposite directions. comex up 14 bucks but ice brent is down about a tenth of a percent. down 8% in month.

we're seeing gasoline under 3 bucks at some stations around the country. and the volatility index known as the vix up 10% in a week. it is up almost 11%. at 1855. ty, up to you. >> all right. thank you very much, sue. little time for monty hall. top of the hour, three doors, let's talk about the three doors that are behind us here. sue, companieny and bob are at the nyse and standing with me a serious looking steve liesman. it's time to open door number one. look over here, steve, to door number one. the word, the secret word is more. as we open the door, it is ben bernanke. can the fed pump in more money? will they, steve? what do you think? >> i say i'm standing in front of a strange animal, known as the taper. here's the story, these doors are connected in the following way. >> the bearded bernanke. >> the fed can do more qe if the economy were to really tank as a result of what's happening

there. but it coulds are do more in another way, tyler. i cannot taper and that is increasingly what we're hearing from the expectation of economists on wall street. what they think is, it's really a matter of the -- not meeting the fed's conditions for tapering. they gave us three tests. one test was whether or not they had confidence in the economic outlook. how can you have confidence in the economic outlook? two is lower rates. we're a little closer there. but we're also further on fiscal restraint. two out of three are going the other way. that means the fed at least stays on hold. i don't think we're going to be adding to quantitative easing here. take a look at the meeting schedule coming up here. right. so october everybody says off the table, december, most -- the earliest possible time they can do that, but you may not have the data, and march may be the time when the fed begins tapering. >> down to you, sue. >> let's take a look at what's behind door number two as we talk about this. the other side of this is, the

taper. and hold that thought, because we're going to john harwood in washington. time to think about the taper while john tells us the breaking news. >> sue, i breev we're rolling now tape of president obama speaking at fema, the federal emergency management agency, where he's discussing preparations for some bad weather in the south. as he was going to make that appearance, which is part of his effort to pressure republicans to reopen the government, the republican leadership put out a statement saying that the president is threatening to veto a bill that would -- that they are preparing to pass or have passed to restore funding for fema. this is part of a republican attempt to convince the american public that the president is responsible for the government shutdown. that is not the case. republicans are. but they're giving it a shot and trying to see if they can withstand the pressure over the next few days as we get market reaction and political reaction. >> john harwood, thank you very

much. all right. bob and kenny are here. talk to me about, you know, we kind of set it up. they could do more. >> right. >> if this whole situation in washington drags on. do you think it's likely. >> i don't think it's likely. it's only likely if, in fact, we go over that edge and you'll see the fed pump it up. if we stay status quo to the brink and pull back, i think the fed does what they're doing, don't taper, they continue the policy, it continue with their foot on the gas. >> not only not going to taper, not have the data but the existing data hasn't been that great. ism services was a little disappointing last week and i thought steve did a great job estimating what the jobs number might be on friday and the numbers he came up with wasn't particularly inspiring. >> let's open door number two in case you didn't know is a taper. it's a little mammal, a little woolly mammal beautiful cute little -- >> so cute. >> how i end up in front of that thing. >> we said no taper in 2014. and that question mark. that doesn't feel right to you, does it? >> no, i don't think that's right. some time in 2014 --

>> 2013 maybe not. >> the question is the extent to which do they have to exend quan taty easing. they were going to end in the summer. i don't think that's going to be possible if they start december or january because i don't think the fed wants the cliff effect where it ends up all of a sudden or quickly being out of the market. >> turn to door number three, the capital, in case you didn't notice that. that's the october -- represents the october 17th debt ceiling. what's more important to the markets, folks, the deadline and the uncertainty it brings or the fact that the fed is not going to stop spending. >> i think ti know the answer down here. >> the debt ceiling. >> the deadline is a real weight to the markets. i don't think the taper comes close. >> the markets holding right in here at 1670 on the future right and we've tested it two or three times in the last couple days. when we break that is when you're going to start to see the nervousness. the market is saying we're going to give you a little more time. >> what's making me a little bit nervous you have a number of

high-profile investors coming out and saying well, could go over and technically it wouldn't be a default if it was only a day or two. i'm not sure the market feels ha way. >> i don't think so either. i don't think that's priced in at all. >> i don't think it's priced in. >> guys. >> the value guys are happy to see it drop more. >> yeah, steve. >> i mean bernanke said point blank that he could not offset the effects of the sequester and -- >> exactly. >> he would say even more so, offset the effects of a debt ceiling breach here. what we're talking about is one of every three dollars of federal spending goes away. it's almost a guaranteed recession. maybe even depression if that happens. >> yeah. steve, are you -- i know we have to wrap but are you disturbed by some of these high-profile investors who seem to be kind of softening up what would -- the impact would be if we actually went over the cliff? >> sue, i get disappointed when our investors start taking on political ideas. the democrats want it to seem as

bad as possible the republicans want it to seem it's palatable and investors should be thinking less politically. it's going to be bad if there's breach, but there's every possibility until then to get rid of it. >> thanks very much. >> thanks, guys. appreciate it. >> all right. while that debt deadline takes center stage and, of course, in that three-ring circus we refer to as washington these days anyway, the shutdown can't be forgotten. is it hurting stocks? >> for most of the year companies that generate more than 50% of sales here in the u.s. have an outperforming and on average this index is up 6.3% over the last three months multinationals, the companies with high foreign exposure are up 8.5%. that data according to thompson rioters. thanks to the recovery in europe, weak acceleration in global growth b of a says the street has become less negative on foreign exposed stocks. another big reason the u.s. dollar continues to weaken due

to the uncertainty in washington. that, of course, is a boon for these multinational companies that generate a significant amount of revenue outside of the u.s. as it makes their goods and services more competitive with local products and because of this, john at oppenheimer is recommending clients to diversify their portfolio. some of the big winners in the group include goodyear tire, cliffs natural, alex continue ion pharmaceuticals and tech giant apple, auto desk and applied materials. the terms of specific regions, europe continues to be a bright spot. companies with european exposure like priceline, harmon international and electronic arts are up double digits over the past three months and what's more is thompson -- or excuse me thomas lee at jpmorgan says the pick-up? european sales will be a trend to watch in the upcoming earnings season. tyler? >> all right. actually sue is going to take it away, i believe. sue? >> all right. last week we first told you about how the shutdown was

holding up mortgage applications. diana olick had the story for us and now back with an update because we've gone a little further into this government shutdown now. >> we sure have, sue. the biggest issue is lenders can't get the irs to verify tax information on mortgage applications. last week, the big lenders said they would do it without it. they're using words like temporary and short term, a wells fargo spokesman told me we will continue to evaluate the circumstances. he said they are closing jumbo loans as well, but sources tell me some other lenders are not moving ahead on jumbo loans. also, the usda, the government's no down payment program for rural borers is totally shutdown. it's less than 5% of the market but a lot of these are first-time buyers with no other options. and lo down payment loans ensured by the government's fha, they're still going through because it's an automated system and most lenders have authorities to close the loans on their own. for those who don't about 2% of the fha staff of 3,000 are currently on the job.

sue? >> diana, thanks. time to analyze. we dot every monday. welcome back to the show, abigail. always good to see you. >> you too. >> we'll kick it off with apple because we have an upgrade on the stock. to a buy from a hold saying, quote, the stock will appreciate ahead of the iphone 6 launch. year to date shares down about 7%. do you agree with this call? >> i love this call. i think it's a great call and i think their price target of 600 is appropriate. my reason for being positive on apple there's a positive inflectionion point potentially ahead. a return to earnings growth in fiscal year '14 after a decline this year. that's a great thing. ahead of potential improvement in gross margins. if you improve gross margins that bumped eps could be more. pretty smooth sailing ahead for apple. might have a little chop in the near term but over the next year 600 or higher. >> facebook is next on the list. raymond james is lowering its rating to outperform from a strong buy. however, they have upped their

price target to 56 from 38. that's quite an increase. the firm saying, quote, instagram represents an attractive demographic for advertisers. shares have nearly doubled so far since its ipo. >> this is one of those annoying calls in a way. they're upping their price target but yet downgrading a stock. >> hard to understand. >> housekeeping in a way. i agree with it. the stock is more than, you know, its ipo price obviously, kind of toward the top of what i would call a range at this point. we're going to have money flows soon from twitter and if you look at the other social media stocks they traded in ranges the first couple years. at the top or above that range, i think we're going to pull back in. probably want to take profits here. >> moving on to our last stock, goldman sachs moving downgrading toll brothers to neutral from buy. saying given the company's outperformance, its relative positioning in our group has moved lower. over the one-year period shares have fallen some 10%. key to interest rates a little bit. >> agreed. you know, in my view this is

another housekeeping call. comparing it to a competitor saying there's not as much upside here. however i have a problem with toll and i think they could be downgrading it to a sell at some point, and from a purely technical standpoint it's breaking down. recently put in a -- below its 50 day and 200 day and trading in a complex head and shoulders. below 30 that pattern likely to break towards 20. the uncertainties, interest rates, all of it. >> for those of you who don't follow technical analysis, head and shoulders, one shoulder, head, other goes down, the death cross, that's prey sbshs it -- >> speaks for itself. >> thanks, abby. nice to have you here. >> ty, up. >> sue, let me introduce you to michael. turn around for the camera. he works on websites for a living. we asked him to come in and tell us, really show us and the white house what's wrong with the obama care site. that's what's wrong, right? >> that's one of the issues. >> this is the code that is creating the big error that is keeping people from logging on. we'll tell you what he found and

more when we return after this. it's right there.

it is day six of obama care and the website glitches still per rist. questions raised if these problems will impact enrollment. it has. some can't sign up. bertha has been keeping a close eye on all this. >> tyler, the big question here is, how long is it going to take and how big a fix to get the

federal exchange in particular working smoothly. josh and emily, a new jersey company losing their company sponsored insurance in january tried to create an account and look at plan offerings. new jersey one of 34 states operated off the exchange, they had the same problem as last week. couldn't get through. officials admit the problem go beyond the server capacity to handle the large volume of users. they're looking at software after taking part of the system down over the weekend. tech infrastructure experts say for a real fix the whole system may have to come down. >> it could easily take days, it could take weeks, an, in fact, probably see different parts of the system get better at different points in time. >> a lot of folks are pointing to not just the server capacity but sloppy code. shares of cgi group, one of the lead contractors that built the federal exchange and several others in several states, have actually risen over the last week up about 2%.

we've asked the firm for a request for comment thp. they have not decided to comment at this point, referring things to the feds. despite the glitches some people are getting enrolled. joe monedy of sigma told me since wednesday the company has seen some enrollment coming through, it's just a trickle, but from places like texas and florida, where they are operating and those are on the federal exchange. he's not worried for now. he says yes, it's just a droplet coming through, but he says, if they can get these fixed it will work, he thinks. >> this is a monumental embarrassment to the whole program. i mean i suppose you could say on the one hand it is good that so many people are interested in signing up. on the other hand this is a colossal embarrassment that couldn't come frankly at a worse time. >> it is an embarrassment. they certainly had set the bar low. they kept saying there will be glitches. this was a hurry up job, a sprint to get ready for october 1st at best and certainly things had to, you know -- the stars

had to come together just right for it to work. >> a lot had to go right and a lot hasn't so far. we're going to go now and ask a person who has found what really went wrong with the health care exchange software. michael is a senior developer with blue fountain media. welcome. good to have you here. you say this is the code where it goes wrong. when i tried to log in last week, where it was stopping me is where i had to fill in security questions like your favorite pet's name, your -- the school that you went to, elementary school. is that what this code talks about? >> right. so basically one of the issues that you encounter when trying to bring up a security question is that it's -- it's built off of java framework, which basically tries to grab the data in an efficient manner and the in this case it does not. what should be realistically a few lines stacked of an error message is about 80 lines long.

essentially what it means is that when -- if i were to call in cnbc and i were to look for you in a directory, and i were to search your name -- >> you'll never find me. >> i'll never find you. >> drill down by kept or with certain access based on restriction i could find you in a much more efficient manner. >> this is one of the problems they have. how much was driven by sheer volume, the number of people trying to log in? >> i'm going to bring up a couple examples for you. whenever you're building a site that's going to hand al large load like that, you want to put in a low balanced state. the site is in that situation but usually what you do when you launch a site, if you are remember a few years back, a lot of attacks on big sites out there, you do the exact same thing. you are pounding the server with a lot of requests to try to see if you can take it down. that apparently was not run properly or at least not run to the level that it should have been. so you would have been able to

plan these servers to a greater degree to handle a greater number. >> so two quick questions here. you heard bertha and one of the sources there saying fixing this could take days, it could take weeks. what's your estimation and will they have to take the whole bloody thing down, state by state, to get in and make it work? >> yeah. so the problem is really deep rooted when you get to a program level, like what we were just looking at. something like that could take at least a week for a team of developers to really go back down to the framework of your house and trying to rebuild it from there. some of the other issues that they can do to reduce the processing requests of the server, are on the front end of the site, using client site validation where they can reject unnecessary requested servers. >> michael, thank you. how did you get in there to get that? do we not want to know that? >> that's for me to know and you to find out. >> that's a secret. >> it's a developer's network. a lot of developers open source developers especially share a lot of data, lot of information,

try to grow the industry, and this was something that i was able -- >> i would like you to come -- we do have our guest, i'm glad to hear this. stick with us. we have a guest from the white house who's been involved with the development of this and we're going to explore with that person what went wrong with those health care exchanges. david is the white house deputy senior adviser for communication and strategy. it's been a bumpy week for the websites. as i said to bertha a moment ago, i suppose the good news is there is high interest and high demand, the bad news is, the thing isn't working. >> so, the good news is, there's high demand as i'm sure you've covered 8.6 million unique visitors in the first three days, which exceeds by eight times anything that we saw in medicare.gov and speaks to what we have seen all along, is that people are interested, they want to buy affordable coverage and they're going to continue to come back as was the case in massachusetts, because this isn't an impulse purchase for

people. this is something that's thoughtful and deliberative and folks are going through and so we have some challenges, those challenges have been identified, folks are working on it, 24/7, tomorrow will be better than today was and last week and we'll continue to make that progress. one final thing to remember, this is a six-month period. not six days. not six weeks. six months. >> but the plane didn't take off very cleanly here. it's got -- this is a colossal pr bloody nose for this initiative. any way you look at it. >> so look, when you have 8.6 million people going, because here's what those people are doing compared to this discussion. they have something to compare it to. and prior to october 1st, if you were trying to buy on the individual market or you were uninsured, think about it this, one out of three people in kentucky were denied coverage. that will never happen again.

most applications, you had to go through a 25 or 35 page written application with seven pages of underwriting. what happened after the underwriting? maybe two weeks later you found out that the initial premium you were promised was much higher or one out of five times for most americans who are trying to buy, you were denied. please, let's do the compare to what analysis and understand that we've got folks working on this and for the 8.6 million people who have gone on already they want affordable health care options and this will provide it for them. >> david, they do want them, but right now they're having trouble getting through the turn style. you've identified the problems. walk us through what it is and how long you think it will take to fix it. >> so, i am -- i am many things but a tech person i am not. let me give you the overview of where we are. this is a three-stage on-line application and as i alluded to something like this has never been created before.

that does the following things -- first, you create the application that validates a whole -- create the account that validates a bunch of information. then, you shift to the application. here's what's extraordinary about the application. it determines medicaid in 50 different states as well as county variation. it determines chip in 50 different states as well as county variation and subsidy level. once you've done that, you go on to the comparison. >> i understand it's a complex system. we understand that. what is happening now and how long do you estimate before this will go smoothly? >> so, we've got as i've said, we've got -- we're throwing additional hardware at it, additional engineers, they've been working throughout the weekend, 24/7. they are making repairs to increase and it to decrease the wait time and i'm pretty optimistic as the days go by you're going to be seeing marked improvement in the wait times and experience. >> we're seeing people today try

to go in and get an e-mail message back and it can't be verified, they can't create an account. they've tried through the chat, they get logged off there. they've tried on the phone and the wait times are very long. >> so one thing that i can say about the phones is, if you use the hotline today, at 1-800-318-2596 beginning today, you will go through beginning to end, on the account creation, application and then plan determination. so folks who call that today, who don't want to wait in the cue or healthcare.gov or do the chat go on the phone today and go through the application from beginning to end for enrollment. >> michael, does it -- i want to turn to you. does it seem odd to you that here was something, and david with all due respect, i mean this was something that has been until works for three years since that bill was passed, that this would not have been fully tested and shown to be operational? why didn't they call amazon? they seem to be able to get it right? >> well, the issues from a

logical perspective in the back end, are more of an inefficiency issue. the -- the information you would have had to know to test that would be understanding how many people you would be experiencing -- >> coming in. >> exactly. >> partly a volume question. >> right. but with regards to any site that you're running, at such a high profile, you would want to plan out with an understanding of we may experience this number of users at this given time so from sort of a maintenance standpoint, i would have expected -- >> let me turn back to you, david, for a final word here. a can we expect over the next few days and what do you have to say to a public that wants to sign on, but can't? >> well, let me begin with the public. go on healthcare.gov make those phone calls and remember, benefits only begin on january 1st. and so through the month of

october, november and in december, after december 15th, you'll have many, many opportunities to go on, compare the plan and pick the one you want. now, as for what we can expect over the next couple days? daily improvement. we're going to identify problems, we're going to isolate them and we're going to fix them because at the end of the day, this is the first time something like this is available anywhere to the millions of americans buying in the individual market or who want insured. this first week in terms of volume is a good thing for us. >> is the shutdown of the government having any effect on the difficulty that the administration and the government seems to be having in getting this system back up and running as it should? >> other folks are dedicated to this and the shutdown doesn't affect this. >> david, thank you very much. michael, thank you. >> thank you. >> we appreciate your time. coming up on "street signs," we'll hear from former vermont governor howard dean on how the government can get out of this pr mess. that is in the next hour. sue? >> ty, how does a 9-year-old get

past security at the airport and gate agents and manage to sneak on to a plane without his boarding pass? we'll talk about that. plus a major blow for boeing. phil lebeau is live at detroit airport with those stories. hi, philp. >> hi, sue. japan airlines has always said yes to boeing. well now it's saying yes to air bus. what does it mean for made in the usa? that's coming up. speaking of made in the usa, a driveless car from gm. how it works in two minutes. ♪ [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks...

breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market scanning wherever you are with the mobile trader app. from td ameritrade. the ocean gets warmer. with the mobile trader app. the peruvian anchovy harvest suffers. it raises the price of fishmeal, cattle feed and beef. bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... who studies the peruvian anchovy. invested in the world. bny mellon. peace of mind is important when so we provide it services you bucan rely on. with centurylink as your trusted it partner, you'll experience reliable uptime for the network and services you depend on. multi-layered security solutions keep your information safe, and secure.

and responsive dedicated support meets your needs, and eases your mind. centurylink. your link to what's next. ♪ [ male announcer ] eeny, meeny, miny, go. ♪ ♪ more adventures await in the new seven-passenger lexus gx. dare to be spontaneous.

it's been an upside day for the gold market. gold prices about ready to close. comention is up $14.50. the silver market is strong today, as a matter of fact the strongest of the complex, it's up almost 3% on the trading day and copper for its part just a fractional loss, suffering from the fact there's not a lot of data in the united states for the market to trade on and that's one of the reasons why copper is thinly traded today. it is time for the power lunch countdown. fi phil joins us. first a big blow for boeing.

japan placing an order with its rival air bus. the significance of this? >> huge. when you think about it japan airlines has been one of the most loyal and long-term exclusive customers to boeing and now it's saying we're going with air bus the a-350. order worth about $9.5 billion at list price. yes air bus is giving it to them at a discount to that but think about this, sue, in a country where relationships are key, we're talking about japan, they have said you know what our relationship with boeing may be strained because of the dreamliner. we're going to go with the a-350 delivery starting in 2019. >> the second -- this second story has been this second story has been a talker around the newsroom and the supermarket when i was there this morning. an incredible story, 9-year-old sneaks past security, several checkpoints, gate agents and manages to board a plane without a boarding pass. how does that happen? >> a lot of questions, but no answers at this point, sue. both delta and the tsa say

they're investigating this. look, i'm surprised it hasn't happened sooner. think about the tens of millions of people flying. you figure eventually somebody would slip through security and that's what happened. >> well, we'll see. i don't know. with my kids, we always have to show the ticket, the boarding pass, this, that. anyway. >> is that true. >> move to topic three. gm joining google and tesla. it looks pretty cool, phil. tell us about it. >> and it works. i tested it out at 65 miles per hour on the gm test track in millford, michigan, this morning. take your hands off the steering wheel, had hit a couple buttons and it stays in the lane, controls the speed. this is the beginning of autonomous drive vehicles. they're all racing in this direction, gm, tesla, google in the race as well, expect by the end of the decade, we will see at least elements of this in autonomous vehicle in all the vehicles that we see out on the road. >> was it hard not to have your hands on the wheel? that's the automatic thing.

we've all been driving for a long time. i think it would be hard to keep your hands off the wheel? >> it is hard and also i was on a test track with no other vehicle or one other vehicle there. imagine if you're in traffic on the highway. it's going to take some adjusting. >> yeah. i think that's an understatement. thanks, phil. appreciate it. >> all right. let's check in on interest rates right now to the bond market and rick santelli tracks the action at the cme for us. every day at this time. how does it look, rick? >> you know, sue, it really continues to be -- to some surprising, to others not so surprising that the interest rate market after its nonresponse hasn't hunkered down. look at the two-day chart. look at the right side today we've been trading between 261 and 263. on friday we covered pretty much the entire range that the next chart covered a back to the 24th of september. you can clearly see we're in a

very, very tight range. as for the dollar index, even the foreign exchange markets which had more volatility, dollar weakness, are starting to move sideways around big areas like 80 and the last chart, this is a year-to-date of the s&p and pay particularly close attention to the upper right-hand corner of the chart where it says, year-to-date up 17.9%. i know we're getting crazy about the impact on the market but up 18% not too shabby. tyler, back to you. >> all right rick santelli thanks very much. it's the new economy but to some it seems like it's the same old boys club. twitter facing heat over its all male board. where are the women? and after years of flogging cheap products in -- made in china, walmart is now selling made in america. is it a pr stunt to boost sales and nothing more? we'll explore that one when we come back on "power lunch."

you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪ paying ourselves to do what we love? so i can reach ally bank 24/7, but there ar24/7.branches? i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water.

it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. bank. your money needs an ally.

twitter facing some heat over its board of directors. no women to speak of. josh lipton crutching the numbers on the boards of silicon valley. josh? >> tyler, a feud has broken out certainly critics have come out

with concerns about twitter. the board, the lack of profit. another one, where are the women on the board? they were not represented and that has brought out the critics. in fact, dick costlo ceo of twitter brought the fight to a critic when he said listen, you don't understand it's more than checking off a box. the issues are bigger and deeper and twitter isn't alone. if you look across silicon valley, cheryl sam burg at facebook, you have meg whitman at hp, marissa mayer at yahoo! but look at the boards it's a different story. not represented, on google's board, three, apple, just one woman on that board of directors, yahoo! just two. jeff sonfeld professor of leadership at yale, will say part has to do with an atmosphere of what he called a young boy's club here in silicon valley. they think there is a meritocracy in silicon valley and don't have to look out for

bias. in reality he says they do. that points to why we see a lack of women. at least in the top spots in silicon valley. this feud has opened up a lot of discussion and talk. we'll see whether it does lead to any change. sue, back to you? >> indeed we will. we're going to discuss it more now, josh. thank you very much. because twitter is barreling towards its ipo without a female board member. debate raging over silicon valley's gender gap and the new tech economy is nothing but an old boy's club, thoughts from julia, seema, and the founder of girls who code, a non-profit aimed at closing the gender gap in technology, her book "women who don't wait in line" advo cads for a new model of female leadership and served as new york's deputy public advocate and the first indian-american woman to run for congress. appreciate your being here. julia, you reached out to twit around got statement. >> twitter sent me a statement saying twitter supports

initiatives to teach and mentor more young women with interest in science and technology saying we are a technology company but ultimately a company of people going on to say we have 2,000 employees worldwide of different experiences and backgrounds working towards our goal of giving everyone the power to create and share ideas and information instlants without barriers. that's the statement from twitter. still this ongoing debate. >> weigh in on this, they may mentor young women in technology but do you agree with those who say listen, you need a female board member and it doesn't have to be someone from technology, it could be a top corporate lawyer, someone that is not necessarily related to the technology, and that might make the company healthier. >> a couple years ago when i started "girls who code" it was an idea in my head, they invested in girls who code and i don't question at all twitter's commitment to mentoring young women and to building the pipeline because we really do

have a issue. there are few companies like twitter that have really -- i mean they're all about building the pipeline an investing in initiatives like girls who code to change that. i think i've had several conversations with dick with the innovation of our nation depends on having more women, more girls going into these fields. do i think that twitter should have a woman on the board? absolutely. do i think that twitter is sexist? absolutely not. i can't think of another company in silicon valley that is as committed to this issue as twitter. >> you know, sue -- >> there in lies the kind of the debate, the pivot point of the debate, that does she think they're sexist no but don't have a female board member. >> on that note there are plenty of successful companies that have all white men boards. why aren't we talking about those companies? the reason is because twitter is a company that has promoted social progress. take a look at the instrumental role it's played in the arab spring. it's helped like-minded

individuals communicate and exchange ideas. that's why you have some saying twitter should represent the same level of social progress in its leadership structure. >> even more specifically than that, twitter could benefit very practically from having a female perspective for a couple key reasons. one is twitter is almost an entirely ad supported business and because women are the primary consumers, maadison avenue focusing the majority of ads to women. twitter could understand its xus mers who are the people who see its ads if they had a female on its board and the other issue is that statistically, women are more likely than men to spend time on social media in general except at twitter where it's half and half. that means that twitter could be giving up as much as 8% more women who could be using the service if perhaps they could better understand the perspective of a woman on their board. so i think there are these practical statistical reasons why it actually would make specific sense for twitter and

they might make more money. >> do you want to address that as we close things up? >> absolutely. it makes business sense to have more women engineers, committed to building products. women make 85% of all consumer purchases. we facebook more, we tweet more, we are the consumers of these products. i think twitter gets that which is why they invested in girls who code early on. the other issue we need a real conversation about women in leadership which is why i wrote this book women who don't wait in line. as we become the majority of women in the work force, the majority of women in college, majority of women in the ballot box, those numbers are not changing at the top. they need top. >> on that note, ladies, thank you very much. julia, seema, and special ngs thanks to reshma. >> thanks, sue. your retirement at risk. could the government shutdown affect retirees in a big way. this is a 118 carat diamond sold for a record-breaking price.

see if you can guess what that price was. opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances.

at a ford dealer with a little q and a for fiona. tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee, affording peace of mind to anyone who might be in the market for a new set of tires? your ford dealer. i'm beginning to sense a pattern. get up to $140 in mail-in rebates when you buy four select tires with the ford service credit card. where'd you get that sweater vest? your ford dealer. transit fares! as in the 37 billion transit fares we help collect each year. no? oh, right. you're thinking of the 1.6 million daily customer care interactions xerox handles. or the 900 million health insurance claims we process. so, it's no surprise to you that companies depend on today's xerox

for services that simplify how work gets done. which is...pretty much what we've always stood for. with xerox, you're ready for real business. should retirees be concerned about their entitlements during the shutdown? take a look at what happened back in 1995. the social security administration and medicare both stopped processing new applications. now the worst case scenario for retirees would be a failure to raise the debt ceiling. last week in maryland president obama gave a very clear warning. >> in a government shutdown social security checks still go out on time. in an economic shutdown, if we don't raise the debt ceiling, they don't go out on time. >> well, aside from the impact

entitlement delays might have on retirees the economy could be affected. the aarp found that every dollar of social security benefits generates a full $2 of economic output. a developing story meanwhile this hour, another construction mishap for one high-profile luxury apartment complex in new york city. plus, there are diamonds and then there are diamonds. right, robert frank? >> that's right, sue. first tell you about that crane at one of new york's tallest and most expensive new buildings and then, yes, that 118 carat rock became the most expensive white diamond ever sold. we'll tell you the price when "power lunch" comes back in 30 seconds.

developing story, another major construction problem for one high-profile luxury residential apartment building in new york city. we need spiderman. lacking spiderman we have robert frank to tell us. >> clark kent maybe. >> police have shut down the street in midtown manhattan after that crane malfunctioned at the tower called 157. a skay crane was working on the building when it froze hauling a load of concrete to the upper floors. the unstable load is hanging 20 stories above the street and what makes this news worthy this is the same building that had the infamous crane failure during super storm sandy almost a year ago. the crane snapped in the high winds. the 80-ton arm dangling 1,000 feet above for days.

turned out the crane had not been fastened properly, work resumed in may. the building is one of the tallest and most expensive with apartments going up for $90 million. department of buildings telling me they are working with the contractor to secure the site. >> people who can afford those apartments might afford the next story you'll tell us about, that is this diamond that sold for a high price but maybe not as high as they expected. >> a very high price, 118 carats flawless d colored diamond for $30.6 million. that makes it the most expensive white diamond ever sold at auction. the previous record for a white diamond was 26 million. the all-time record for a diamond, pink diamond, is $46 million i think. this is below the all-time record. still the wealthy love their diamonds right now. >> and i guessed $42 million. off by a little bit. i would have overpaid. >> you would have overpaid. thank you very much. >> sue, down to you. >> a white diamond so it will go with everything versus a pink or yellow. >> exactly. >> all right.

forget cheap goods from china. walmart selling made in america. will it help the retailer boost its sales. we'll talk about that in the rundown.

. power rundown time. it's been five years since the financial crisis and according to an ap survey of households in the ten biggest economies, families are hoarding cash. the ap finds they it continue to spend cautiously and have pulled hundreds of billions out of stocks. should we be surprised, bob, even though they've left nice gains on the table? >> no, we shouldn't be surprised. in the last 10, 12 years we've become behaval economists. we all recognize that the fear of losing a lot exceeds or more

intense than the love of gaining a lot. so when 2008 hit people sold real estate at the bottom and stocks at the bottom. it's little wonder that the issues, the whole way they look at the world was reset. you hoard cash, don't talk about stocks. >> dominic? >> it's interesting only because you know there's the old saying about when there's blood in the street you buy property. in the mifrtsd of all this there are some people who held on during that downturn or decided to step in when things looked dire. those particular investors are faring pretty well right now. it's perhaps no wonder that you do see maybe just some profit taking at these levels because when you've made as much as you have you can't blame people, given what bob said about losing money to want to take profits. >> let's check out the yahoo! finance question of the day, shall we. walmart pledging to buy more u.s. products with its made in america campaign. we asked if you would be more likely to shop there as a result? yes, say three out of five of you. i want to support u.s. jobs. 29% say no, i shop where the value is best. third number, 12% say i only

support it if prices stay the same. is this a good move for walmart? >> it's interesting only because it could be a marketing issue as well. you could find some people want to go to walmart to buy american-made prox ps. why not. if there is a comparable product at the same price you would want to keep it here in the u.s. and keep the jobs. >> and walmart, says that they will do this, they'll bring in u.s. made products, but only if the price is right, the price is competitive. >> thank you for saying that. look, this is great. i laud them. they will not give up their low cost competitive position here. it looks like the cost is about $5 billion a year that they're going to spend on this in the u.s.p. that's only about 2%. >> i'm surprised that more americans don't push for buying american products. anyhow, dallas cowboys owner jerry jones, he's still apparently uses a flip phone. check out this picture a viewer tweeted watching the game on saturday. a college game. estimated net worth $2.7

billion. dom, the old flip phone works for jerry. >> if you're worth that much money you should talk and drive whatever you want. you can do whatever you want if you're jerry jones. i applaud limb for having a flip phone. >> when worth $2.7 billion hip is owning the flip phone when you can own verizon. after that loss yesterday 51-48, holy mac. i bet that phone has been smashed. >> probably right. >> thank you very much. that will do it for this edition of "power lunch" with the dow down 82. >> 82 points. "street signs" will take it up and begins after a very quick break. we'll see you tomorrow. have a great afternoon. weekdays are for rising to the challenge.

they're the days to take care of business. when possibilities become reality. with centurylink as your trusted partner, our visionary cloud infrastructure and global broadband network free you to focus on what matters. with custom communications solutions and responsive, dedicated support, we constantly evolve to meet your needs. every day of the week. centurylink® your link to what's next.

todd, what's the best trade you ever made. >> trading my old platform for e-signal. >> what's the difference? >> charts with alerts and studies, i get the same real-time data big banks and investors rely on every day. easy to set up and trade from the charts.

just how real is the threat of a u.s. debt default? most say it's morphicion than fact. we'll show you what the market is saying. drill baby drill, how about ship baby ship. is it time for america to think about exporting our oil? plus, the surprise sector that is up more than 60% year to date and the blame game over the health care rollout, rolls on a little better than the health care rollout, mandy. >> hello, brian,